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19 June 2015 Meaning of shelf prospectus, red herring prospect and abridged prospect....???

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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20 June 2015 Shelf Prospectus is a prospectus in respect of which the securities or class of securities included therein are issued for subscription in one or more issues over a certain period without the issue of a further prospectus. In simple terms Shelf Prospectus is a single prospectus for multiple public.

Red herring Prospectus is a prospectus which does not include complete particulars of the quantum or price of the securities included therein. In simple terms a red herring prospectus contains most of the information pertaining to the company’s operations and prospects, but does not
include key details of the issue such as its price and the number of shares offered

“abridged prospectus” means a memorandum containing such salient features
of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf.